Novavax's stock slides 7% as guidance cut offsets narrower-than-expected third-quarter loss
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Novavax's stock dropped 4% after the company reduced its full-year guidance, despite reporting a narrower-than-expected third-quarter loss and better-than-expected revenue.
November 12, 2024 | 3:45 pm
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Novavax's stock declined by 4% due to a reduction in full-year guidance, despite reporting a narrower-than-expected Q3 loss and better-than-expected revenue.
The reduction in full-year guidance is a significant negative signal for investors, likely causing the stock to drop despite positive earnings and revenue surprises. This suggests concerns about future performance outweigh current results.
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